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20110701
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
the world and back here at home, hi, everybody, we're so glad you're with us, i'm jenna lee. jon: and i'm jon scott. "happening now," capitol hill gridlock just days before a default deadline. right now there is no bipartisan teal on the table and no vote today on house speaker john boehner's plan to raise the debt ceiling. august 2nd is just six short days away, and that leaves the very real prospect of default or a credit downgrade. can washington make a deal? wendall goler, our senior thousands foreign affairs correspondent be live on the north lawn for us now. >> reporter: more tough news today from the congressional budget office which says both of the leading plans from republicans and democrats to cut the deficit and raise the debt ceiling fall short of what their authors claim. senate majority leader harry reid's plan would actually cut half a trillion less from the deficit than he says it would, house speaker john boehner's plan falls about $350 billion short. boehner has canceled plans for a vote on his proposal today and gone back to the drawing board, and since he has promis
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potential spending cuts, potentially tax changes, as well. when you have republican leaders like jon kyl the arizona senator on fox news sunday, look, this is not going to end up with any major tax changes, tax rates are not going up, saying that. it's making people on the left feel like this is pre-cooked and it's going to be a lot of spending cuts and no real tax changes. as you know, the beginning of this week, we started last monday, president obama's whole message this was going to be a balanced approach, taxes as well as spending cuts. >> neil: i do know this, since you arrived at fox, we have a constitutional crisis, financial crisis but thank you very much. [ laughter ] >> neil: great reporting throughout. ed henry. >> we've been takes about election among progressive caucus members. they are pretty much against the deal right now. we don't know the deal as it stands right now but there is some factions on the right, some tea party members also having concerns about a compromise they could be maybe overcompromise. we start with congresswoman republican from the state of washingto
.gton journal" host: we are back live jon hilsenrath of "the wall street journal." taking a look at this week's economic rebound, that is what the- taking a look at weak economic rebound. here is the headline from "the wall street journal" this morning, "companies bracing for the fall." guest: american companies are operating in a very >> they have already been disappointed by what happened in the first half of the year. i've been talking to companies in the last few days. i'm winnebago industries, a rv company, that was expected to have good spending in the first half. this didn't happen. they are back to deciding whether or not to cut back on that. what they don't want right now is uncertainty. that's what we are getting. >> host: you see the ups chief in todays "financial times" the small and mid sized companies that would be using his are pulling back. they are not sure. >> guest: right. this is largely, i think, because of the uncertainty they face. default, downgrade, you never now how investors are going to react. ironically what we have seen, investors have been calm. but the worry i
-reduction legislation today. let's hear from milton, florida, waiting for president obama. this is jon on our independents line. caller: hello. i am disabled, and i am in a drug program. people are peeing dirty in the program and tax payers are paying for this. but ok, it is not fair to the ones that are trying. they're clean and in doing right. another thing is ssi. people do not pay into ssi. they never work. and they never paid into it. nine times out of tin, there drug users. they use their money for drugs. host: all right. we will let you go there. kentucky, james. what is the name of your city? caller: i live in hillview, a suburb of louisville, ky. host: all right, what is the way forward here? the house has stalled and the senate this waiting. caller: it is simple. if we had a president like truman or like clinton, he would not hesitate in an emergency like this to use the 14th amendment. that is what if it is therefore, for emergencies. this country is in an emergency now. if we default, it'll be the president's fault for not having the guts to use the 14th amendment to solve this pr
'm the senate republican whip jon kyl of arizona. by now, but americans the lawmakers are engaged in a difficult debate about the debt ceiling, the legal limit to the amount of money the federal government can borrow. the debt ceiling is currently set at a little more than $14 trillion and if the congress and the president don't reach an agreement to raise it by tuesday, the treasury secretary tells us america will no longer be able to pay its bills. the consequences of missing this deadline could be severe. it is precisely because of washington barrault's so much money, more than 40 cents out of every dollar spent. spending would have to shrink by 40% quickly. what is more, markets would likely respond, dropping in value and hurting their retirement savings of millions of americans. republicans have tried to work with democrats to avoid this result and put our country on a better path, but we need them to work with us. we start from the understanding that the reason the debt ceiling is a problem is because of runaway washington spending. republicans have been united in the belief that raising t
tension. host: jon hilsenrath, thank you so much for your time this morning. that is it for today. the house is about to come into session. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] signed, john boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 5, 2011, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip limited to five minutes each, but in no event shall debate continue beyond 11:50 a.m. the chair at this time recognizes the gentleman from oregon, mr. defazio, for five minutes. mr. defazio: well, this week we've just disproven two items of republican orthodoxy and that is corporations don't pay taxes, only individuals pay taxes. and tax cuts create jobs. what am i talking about? well, last friday the
Search Results 0 to 11 of about 12 (some duplicates have been removed)